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Expectations for diesel and gasoline prices for next year have been revised lower, according to the latest Short Term Energy Outlook issued this week by the U.S. Energy Department.
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Gasoline prices continue a steady decline now down by 0.6 cents ending Dec. 7, according to federal data. Compared to last year's prices, a gallon of unleaded ($2.053) is down 62.6 cents from $2.679.
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The national average price for a gallon of unleaded gasoline fell 3.5 cents to $2.059 to a nearly six-year low for the week ending Nov. 30, according to federal records.
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A steady decline in gasoline prices continued, as the national average price of a gallon of unleaded declined 8.4 cents to $2.094 for the week ending Nov. 23, according to federal data.
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The national average price of a gallon of unleaded gasoline has fallen to $2.178 per gallon where it's again nearing the six-year low it reached in early 2015, when it hovered about the $2 level.
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The national average price of a gallon of unleaded has increased 1.1 cents to $2.235 for the week ending Nov. 9, according to federal records.
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The national average price for a gallon of unleaded remained essentially flat for the week ending Nov. 2 with the price falling four-tenths of a cent to $2.224 per gallon, according to federal data.
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Lower prices for gasoline and diesel have been a welcome relief for fleets, in some cases, reducing operating costs by 25-30 percent. While the past three years have been heaven-sent for the fleet industry overall, it has had a dramatic impact on fleets operated by energy companies, which are scrambling to cut costs to offset the decline in oil prices. The unfortunate fact of life is that one person’s fortune is sometimes another’s misfortune.
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The national average price for a gallon of regular unleaded fell 4.9 cents to $2.228 for the week ending Oct. 26, according to the U.S. Department of Energy.
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The national average price of a gallon of unleaded gasoline fell six cents to $2.277 per gallon for the week ending Oct. 19, according to the U.S. Department of Energy.
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